Are we now over the worst of the worldwide economic downturn?

  • Thread starter totallyproperty
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We will look back on 2008 as a turning point for the worldwide real estate market, the worldwide economy and indeed the reputation of the euro. While many people believe we are over the worst of the worldwide economic downturn, there are some who are forecasting yet more shocks in the short, medium and longer term.

Governments across the world have been left with excessive debts, property prices are moving faster than household incomes and the affordability factor of real estate around the world is being stretched to the limit.

Are we really over the worst?